"Show me the weekly charts and I'll show you the news" For MYM/ Dow Jones we have a clear market structure being formed with lower highs and lower lows with a distinct trend line. There is still bearish news with inflation until December at least for the feds, the market is showing signs that we are preparing to go short for the next month or so. If we close...
Can it be anymore clear? The herd thinks the crypto bottom is in...but that is usually when everyone is wrong correct? The herd though Bitcoin was going to hit $100,000 in December...everyone was wrong.
All the technicals point to MNQ continuing to drop until at least November. Look at the 100MA and the obvious downtrend line.
A kangaroo tail printed on March 26th, 1929 because the banks tried to save the 4 year bull run. Simple.
With crypto markets being hyped up claiming the bottom is in, the US tech market tells another story. First we have been under the 100ma on MNQ on the daily for 200 days which is a very significant period of time compared to NASDAQ's complete history from day 1. Step back and think about this also, Joe Biden is the president and the democrats have proved to...
Here USDCHF gives us 4 bullish confluences. 1. Bullish Kangaroo Tail with a huge wick 2. Kangaroo Tail wick is below support 3. EFI Bullish Divergence signified by the Rocket emoji 4. Ultra High Volume tells us the Market Makers are entering positions.
The market makers were in clear control of the news stop hunting both buyers and sellers within the same hour. After a long legged doji with ultra high volume printed, a huge Bearish Kangaroo Tail prints with high volume. The next few candles were confirming further weakness at the top with narrow spread candles and a baby Bearish Kangaroo Tail with volumes...
Easy 2R short setup on Coffee, 2 Kangaroo Tails with Bearish Divergence on the EFI. Down she goes.
If you are wondering what went on with NAS100 in the past month, have a look at this perfectly marked up Wykoff & Market Structure analysis. Drop some comment on this mark up as it was my first time taking a serious look at the Wykoff mentality.
It's inevitable to see Bitcoin test the $12,500-$13,000 levels as we see high volume moving in on the weekly chart. Best price to accumulate BTC is between $7,800 - $12,700. WAIT for the media to finish the FUD along with BTC consolidating so everyone "forgets about it" before the Market Makers accumulate. Crypto noobs are experiencing their first full shakeout.
I thought Bitcoin would have taken off already and with December 31st around the corner things are not looking good for Bitcoin. Honestly the top of Bitcoin may already be in but as I type this 90% of the people I talk to think Bitcoin will still hit $100k this year. I don't believe it. We may have to accept defeat soon until the next Bull Run. What do we see...
GALA's corrective wave looks to be over if we make higher highs past the 70 cent resistance zone. There is also Bullish Divergence on the Force Index. You could see a potential buy right now with a 5R setup. The risk to reward is worth it IMO, you could even go in with an aggressive stop loss at 60 cents. If this TA is right on point we finally smash $1. FYI why...
GALA is forming an M pattern on the 5m and 15m charts. Failed M patterns to make new lows during a mania phase are common. GALA printed a similar M earlier in the week but rejected and flew to new ATH's. GALA to $1 possibly by Saturday...or Thanksgiving. If we do go down and break the previous low, 50-55 cents should be a great buy target.
With Gala holding support at 21.5 cents and 15m Bullish Kanagaroo Tail with Bullish Divergence, it's looking like a good opportunity to go long.
Bitcoin is currently showing bullish divergence with a nice wick. IMO this is a buy set up with TP and the next zone, and SL's on the wick.
BTC is a buy with a stop below the recent 1hr candle low with TP's at the next zone on top of the Kangaroo Tail.
With hype surrounding $100k by the end of the year, Bitcoin is showing many confluences that point to new highs and fresh momentum. First on the 4 hour chart there was a Bullish Kangaroo Tail that printed and tested a trend line. More recently we have just made a 3rd touch on this trend line with Bullish Divergence on the Force Index. IMO this is an easy buy with...
GALA/WETH is showing many signs of a bullish trend about to start. If we look at the daily chart we can clearly see a Bullish Kangaroo Tail on a support level along with Bullish Divergence on the Force Index. What to expect after a 7,000% gain followed by a 90% drop? GALA is severely on sale if you are looking to hold this for the end of the year. Stop loss could...